Regal Petroleum plc, the AIM-quoted oil and gas exploration and production group, cut its average daily hydrocarbon production in Ukraine in 2014 by 3.7%, to 1,370 boepd.

"The average gas, condensate and LPG production from fields for the year ending December 31, 2014 was 152,744 cubic meters per day of gas, 52 cubic meters per day of condensate and 21 cubic meters per day of LPG (1,370 boepd in aggregate)," the company said in a statement on the London Stock Exchange.

Average gas, condensate and LPG production from Ukrainian fields for the period from October 1, 2014 to December 31, 2014 was 145,666 cubic meters per day of gas, 48 cubic meters per day of condensate and 21 cubic meters per day of LPG (1,304 boepd in aggregate).

A 54% stake in Regal Petroleum belongs to Energees Management, part of Vadym Novinsky's Smart-Holding.